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Help Save & Middleton Company uses the perpetual inventory method. The company purchased an item of inventory for $115 and sold the tem to

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Help Save & Middleton Company uses the perpetual inventory method. The company purchased an item of inventory for $115 and sold the tem to a customer for $200. What effect wa the sale have on the company's inventory account? Multiple Choice The inventory account will decrease by $200 The inventory account will decrease by $85 There is no effect on the inventory account The invertory account will decrease by $115.

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